Quanex Building Products Co. (NYSE:NX) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 73.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,660 shares of the construction company's stock after selling 358,887 shares during the period. LSV Asset Management owned approximately 0.27% of Quanex Building Products worth $3,070,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of Quanex Building Products by 69.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock worth $41,000 after purchasing an additional 605 shares during the period. Federated Hermes Inc. purchased a new position in Quanex Building Products in the fourth quarter valued at $44,000. KBC Group NV boosted its stake in shares of Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company's stock worth $69,000 after acquiring an additional 1,169 shares in the last quarter. Assetmark Inc. grew its position in shares of Quanex Building Products by 805.8% during the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company's stock valued at $147,000 after acquiring an additional 5,391 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Quanex Building Products in the 4th quarter valued at about $195,000. Institutional investors and hedge funds own 97.48% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Quanex Building Products from a "hold" rating to a "sell" rating in a research report on Sunday, December 22nd.

Quanex Building Products Price Performance

Quanex Building Products stock traded up $0.34 during trading on Friday, reaching $16.16. The company had a trading volume of 342,620 shares, compared to its average volume of 480,049. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The firm's 50-day simple moving average is $19.19 and its 200 day simple moving average is $24.13. The firm has a market capitalization of $763.04 million, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. Quanex Building Products Co. has a 1-year low of $15.53 and a 1-year high of $35.92.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.98%. Quanex Building Products's dividend payout ratio is currently 52.46%.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.